All Forum Posts by: John Arnold

I used them for my last deal!  Alex was great to work with and I closed fast and successfully.  There are always a lot of fees with lending, but nothing out of the ordinary!  Very pleased!

I am closing on the sale of a rental that is going to profit 100K, so I have about 125K check that is coming to me later this week!!  What should I do If I don't have a property identified at this time to reinvest.  I think I read that the money needs to NOT be in my custody!!??  What do I do with it then?  Any suggestions as to where I can "invest" it, if even for a short time.  Located in Northern Ohio.

Thank you, @Evan Polaski for the prompt replay. I guess I am just hesitating because of the "only you will know" decision. :) Like has been mentioned numerous times in forums, articles, and books, at some point, I just have to take the leap.

Thank you, @Kenneth Mooney for the input. I appreciate the willingness for people to share their knowledge here on BP.

Hi, folks. I'm brand new to the Bigger Pockets community and the real estate investing game. I am unbelievably excited that I stumbled across this educational site, and would appreciate any insight to my question. I live in Northern Michigan and I am analyzing properties using the rental property calculator. For context, I have approximately $18k in cash to put toward my first property purchase and I'm looking at houses that are currently listed between $30k-$80K. I've analyzed 3 similar properties and the respective annual Cash Flow / CoC ROI numbers are as follows:

Property 1 - Cash Flow: $3,808 CoC ROI 20%

Property 2 - Cash Flow: $3,890 CoC ROI 30%

Property 3 - Cash Flow: $3,126 CoC ROI 18%

I guess my question is, what numbers threshold should I be looking at when deciding what to bid on? I know there are numerous factors, but I'm trying to avoid "analysis paralysis" by overwhelming myself with all of the angles. These three properties should have no problem retaining tenants, but I'm wondering what numbers I should be focusing on when deciding to take a closer look at making an offer.

Any examples or insight is greatly appreciated!